Tuesday, July 14, 2020 10:33:08 AM
https://web.tmxmoney.com/article.php?newsid=6649901421337659&qm_symbol=OSU
What does this mean? Key, I believe is the one line about the permit to sell up to 700kg of gold per annum.
For perspective, as of 7-14-20, one kg of gold is worth $58028.23
700kg would bring in approximately $40.6 million annually. Half of the limit would be over $20 million/year.
This revenue is for a company with a total market cap of around $15 million as of today. Even modest success here would mean this company is hugely undervalued.
I'm a buyer again.
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